{"id":2343,"date":"2009-06-12T18:24:40","date_gmt":"2009-06-12T22:24:40","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=2343"},"modified":"2009-06-12T18:24:40","modified_gmt":"2009-06-12T22:24:40","slug":"big-govenerment-thousands-of-new-regulations-costing-1-17-trillion-in-2008","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2009\/06\/12\/big-govenerment-thousands-of-new-regulations-costing-1-17-trillion-in-2008\/","title":{"rendered":"Big Govenerment: Thousands of New Regulations Costing $1.17 Trillion in 2008"},"content":{"rendered":"

From CNSNews.com<\/a>:<\/p>\n

An annual report issued by the Competitive Enterprise Institute (CEI) shows that the U.S. government imposed $1.17 trillion in new regulatory costs in 2008. That almost equals the $1.2 trillion generated by individual income taxes, and amounts to $3,849 for every American citizen.<\/p>\n

According the 2009 edition of Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State, the government issued 3,830 new rules last year, and The Federal Register, where such rules are listed, ballooned to a record 79,435 pages.<\/p>\n

\u201cThe costs of federal regulations too often exceed the benefits, yet these regulations receive little official scrutiny from Congress,\u201d said CEI Vice President Clyde Wayne Crews, Jr., who wrote the report.<\/p>\n

\u201cThe U.S. economy lost value in 2008 for the first time since 1990,\u201d Crews said. \u201cMeanwhile, our federal government imposed a $1.17 trillion \u2018hidden tax\u2019 on Americans beyond the $3 trillion officially budgeted\u201d through the regulations.<\/p>\n

In addition to noting the number and scope of the regulations, the report also detailed their economic effects by noting that federal regulations gobbled up roughly 10 percent of the country\u2019s economic output last year.<\/p><\/blockquote>\n

I linked to this<\/a> a while ago but it’s worth linking to again… In short every presidential administration and every Congress since Ronald Reagan left office has grown government.<\/p>\n

When Richard Nixon left office the Federal Register contained just over 29,000 pages. It ballooned to roughly 58,000 pages under Ford, and to nearly 73,000\u00a0 pages under Carter. Under Ronald Reagan it shrank to roughly 55,000 pages, since then it has grown steadily to over 79,000 pages at the end George W. Bush\u2019s term.<\/p>\n

The said reality is those regulations represent a “stealth tax” on everything we do. Complying with federal environmental, health and safety, and economic regulations cost hundreds of billions of dollars every year… Costs that ultimately end up being passed on to consumers in the form of higher prices on goods and services.<\/p>\n

You can read the full report on Competitive Enterprise Institutes’s web site<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

From CNSNews.com: An annual report issued by the Competitive Enterprise Institute (CEI) shows that the U.S. government imposed $1.17 trillion in new regulatory costs in 2008. That almost equals the $1.2 trillion generated by individual income taxes, and amounts to $3,849 for every American citizen. According the 2009 edition of Ten Thousand Commandments: An Annual […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,26,732,7],"tags":[51,1363,733],"class_list":{"0":"post-2343","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-culture","7":"category-economy","8":"category-goverment","9":"category-politics","10":"tag-bush-administration","11":"tag-economy","12":"tag-regulation","13":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-BN","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2196,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/05\/15\/barack-obama-us-long-term-debt-load-unsustainable\/","url_meta":{"origin":2343,"position":0},"title":"Barack Obama: U.S. Long-Term Debt Load ‘Unsustainable’","author":"Jeff","date":"May 15, 2009","format":false,"excerpt":"From Bloomberg News: May 14 (Bloomberg) -- President Barack Obama, calling current deficit spending \u201cunsustainable,\u201d warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries. \u201cWe can\u2019t keep on just borrowing from China,\u201d Obama said at a town-hall meeting in Rio\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2091,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/04\/27\/tarp-price-tag-could-reach-29-trillion\/","url_meta":{"origin":2343,"position":1},"title":"TARP Price Tag Could Reach $2.9 Trillion?","author":"Jeff","date":"April 27, 2009","format":false,"excerpt":"CNSNews has a rather frightening report on the Special Inspector General for the Troubled Asset Relief Program's report to congress. In short the report says that although Congress limited the Treasury Dept. to spending only $700 billion on TARP\u00a0 the program's partnerships with the Federal Reserve and the Federal Deposit\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1853,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/04\/01\/holy-crap-128-trillion-spent-lent-or-committed\/","url_meta":{"origin":2343,"position":2},"title":"Holy Crap: $12.8 Trillion Spent, Lent or Committed???","author":"Jeff","date":"April 1, 2009","format":false,"excerpt":"From Bloomberg News: March 31 (Bloomberg) -- The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s. New pledges from the Fed, the Treasury\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1525,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/02\/15\/federal-obligations-exceed-world-gdp\/","url_meta":{"origin":2343,"position":3},"title":"Federal Obligations Exceed World GDP???","author":"Jeff","date":"February 15, 2009","format":false,"excerpt":"I tend to be skeptical of articles like this one from World Net Daily: Federal obligations exceed world GDP Does $65.5 trillion terrify anyone yet? By Jerome R. Corsi, February 13, 2009, WorldNetDaily As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3608,"url":"https:\/\/www.jasetaro.com\/blog\/2010\/10\/19\/big-spender-obama-has-now-borrowed-3-trillion\/","url_meta":{"origin":2343,"position":4},"title":"Big Spender: Obama Has Now Borrowed $3 Trillion","author":"Jeff","date":"October 19, 2010","format":false,"excerpt":"From CNSNews.com: It's official: The Obama administration has now borrowed $3 trillion, according to the U.S. Treasury Department. It took from 1776, when the United States became an independent country, until 1990, the year after the Berlin Wall fell signaling victory in the Cold War, for the federal government to\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1075,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/12\/09\/my-give-a-damns-busted\/","url_meta":{"origin":2343,"position":5},"title":"My Give a Damn’s Busted","author":"Jeff","date":"December 9, 2008","format":false,"excerpt":"I haven't been blogging much recently I've tied up a couple of projects that have to be finished before the end of the year, and frankly I'm so disgusted, disappointed and disillusioned with the behavior of our elected leaders my give a damn's busted. It doesn't matter what we think,\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/2343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=2343"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/2343\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=2343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=2343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=2343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}